Elon Musk's SpaceX Scores Fast-Tracked Nasdaq-100 Entry After Stellar IPO With Billions In Passive Inflows Expected

Benzinga_recent_news06-27

Nasdaq confirmed Friday that SpaceX will be added to the tech-heavy Nasdaq-100 index effective July 7, less than a month after the company’s June 12 public debut. JP Morgan estimates the move could ...

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The company has alternated between profits and losses over the past three years and posted a $4.9 billion net loss last year.\nMeanwhile, S&P Global said earlier this month it will maintain its existing eligibility standards, meaning SpaceX will have to wait at least 12 months before it can be considered for inclusion in the benchmark S&P 500 index.\nThe rule changes could also benefit future IPO candidates, with large language model developers OpenAI and Anthropic widely expected to pursue public listings over the next year.\nPrice Action: SpaceX closed at $153.23 on Friday, up 0.15% for the day and slipped 0.30% to $152.77 in after-hours trading, according to Benzinga Pro.\nAccording to Benzinga Edge Stock Rankings, SpaceX stock shares remain in a bearish trend across the short, medium and long term.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646339125","isCrawlerRequest":true}